World News
Mostly Small Gains for Monday Bunker Prices
The week opened with the WTI spot price losing almost a dollar and some European ports seeing prices begin to fall after gains last Friday, however key price indicator ports all saw IFO380 make small gains today.
Singapore IFO380 was up for a second consecutive market day rising $0.50 to $656.50 per metric tonne (pmt), and MGO fell $1.00 to $967.50 pmt.
Hong Kong saw IFO380 move up for the first time since September 14, 2012 climbing $0.50 to $669.50, while MGO gained $5.50 to $984.00 pmt.
Rotterdam IFO380 climbed $2.00 to $634.00, 1.00% maximum sulfur 380 cSt product (LS380) lost $4.50 to $681.50 pmt, and MGO moved up for the first time since September 14, 2012 rising $5.50 to $962.00 pmt.
Fujairah 380 cSt product added $1.50 to bring the price to $656.00 pmt, while MGO dropped $0.50 to $1034.00 pmt.
Houston IFO380 notched up $0.50 to $644.50, LS380 fell $4.00 to $746.50, and MGO was down $2.00 to $1030.00 pmt.
LA / Long Beach IFO380 moved up for a fourth consecutive market day gaining $9.00 to $686.50 pmt, while LS380 slipped $1.50 to $838.50 pmt bringing the premium for the low sulfur fuel to $152.00 pmt.
Monday's WTI spot price was down $0.98 (-1.06%) to close at $91.63 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 493.50 | 0.00 | 609.00 | 3.00 |
| Rotterdam | 432.00 | 18.00 | 582.50 | 17.00 |
| Houston | 450.00 | 8.00 | 607.00 | 11.00 |
| Fujairah | 476.50 | 6.50 | 699.00 | 4.00 |
| Global 20 Ports Average | 516.00 | 5.00 | 700.00 | 5.50 |
| Global 4 Ports Average | 463.00 | 8.00 | 624.50 | 7.00 |
| Global Average Bunker Price | 562.00 | 2.00 | 738.00 | 3.50 |
Popular Now More
-
Apr 30The new hire was previously director of marine fuel marketing at UET Marine in Houston. -
Apr 28Failing to keep track of energy density variations could be costing shipping companies as much as $25/mt in fuel bills, Shipergy CEO Daniel Rose tells Ship & Bunker. -
Apr 29The ships are accused of delivering cargo to ports under the control of Yemen's Houthi movement.